Paxos


Videos

Bain Capital Crypto Partner on Catalysts That Could Kill Crypto Staking

Bain Capital Crypto Partner and Head of Regulatory and Policy TuongVy Le weighs in on the U.S. Securities and Exchange Commission's recent settlement with crypto exchange Kraken and its Wells Notice to Paxos. As the former Chief Counsel at the SEC's Office of Legislative and Intergovernmental Affairs, she notes "blindly and mechanically applying the existing securities laws...could potentially kill something like staking."

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Videos

Stablecoin Issuer Paxos ‘Categorically Disagrees’ With SEC That BUSD Is a Security

Paxos acknowledged it received a Wells Notice from the SEC, indicating a possible enforcement action is forthcoming based on the charge that its Binance USD (BUSD) stablecoin constitutes an unregistered security, according to a Monday press release. But the stablecoin issuer said it "categorically disagrees with the SEC staff because BUSD is not a security under the federal securities laws." CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses what we know so far and the larger implications for crypto regulation.

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Opinion

Ang mga Stablecoin ay Hindi Bago. Kaya Bakit Inaatake ng mga Regulator ang Paxos?

Ang dating pinuno ng Paxos ng portfolio management para sa BUSD ay nangangatuwiran na ang mga stablecoin ay maaaring maging kasing ligtas ng mga regulated na produktong pampinansyal tulad ng mga pondo sa money market.

(Brock Wegner/Unsplash)

Videos

Paxos Says it Will 'Engage' With SEC and 'Vigorously Litigate' if Needed

TuongVy Le, Bain Capital Crypto Partner and Head of Regulatory and Policy, reacts to Paxos saying that it has received a Wells Notice from the U.S. Securities and Exchange Commission, indicating a possible enforcement action based on the charge that its Binance USD constitutes an unregistered security. Plus, the potential implications for Kraken halting all U.S. staking operations as part of a $30 million settlement with the SEC.

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Markets

Nagmamadaling Mag Tether ang mga Investor habang Hinaharap ng Paxos' BUSD ang Regulatory Heat, Curve Liquidity Pools Show

Tinatakas ng mga mamumuhunan ang stablecoin na inisyu ng Paxos kahit na ang kumpanya ay nagbigay ng mga katiyakan na ito ay ganap na suportado at mawawasak sa maayos na paraan, sabi ng ONE tagamasid.

Acción regulatoria contra BUSD provoca que los inversores se trasladen a tether. (Brian Merrill/Pixabay)

Markets

Lumakas ang Binance Withdrawals habang Tumitimbang ang Paxos-BUSD Drama sa Exchange

Tiniis ng Binance ang humigit-kumulang $831 milyon ng mga net outflow sa nakalipas na 24 na oras, ipinapakita ng data ng Nansen. Ang paglabas ng Lunes ay ang pinakamalaki sa isang araw mula noong Nobyembre.

Monday's net outflows from Binance reached similar levels as during the peak fear about the exchange’s reserves in December. (Nansen)

Policy

Ang Paxos ay 'Kategoryang Hindi Sumasang-ayon' Sa SEC Na Ang BUSD ay Isang Seguridad, Sinasabing Ito ay Maglilitis Kung Kailangan

Kinumpirma ng issuer ng stablecoin na nakatanggap ito ng Wells Notice mula sa SEC, na nagsasaad na may paparating na posibleng aksyon sa pagpapatupad.

Paxos CEO Charles Cascarilla (CoinDesk)

Videos

Paxos To Stop Minting BUSD After Regulatory Action; IMF Issues Warning Over El Salvador’s Bitcoin Experiment

Stablecoin issuer Paxos will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services (NYDFS), with the news coming just after a report of the threat of legal action from the U.S. Securities and Exchange Commission (SEC). The International Monetary Fund (IMF) has warned that bitcoin's risks in El Salvador should be addressed. Shares of Hut 8 Mining continue to slide after agreeing to merge with U.S. Bitcoin Corp last week.

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Policy

Algorand Foundation CEO: Ang Crypto Crackdown ng SEC ay Nagha-highlight sa Kakulangan ng Regulatory Clarity

Sinabi ni Staci Warden sa CoinDesk TV na ang mga crypto-native na kumpanya ay pinarurusahan sa halip na bigyan ng patnubay.

Staci Warden (CoinDesk TV screenshot)